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Radar Sensor Market and its Key Opportunities and Challenges

12-19-2019 11:59 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The Radar Sensor Market is expected to grow from USD 5.95 Billion in 2016 to USD 20.64 Billion by 2023, at a CAGR of 19.51% between 2017 and 2023, as per a report by MarketsandMarkets.

How acceptance of advanced driver assistance systems and driverless concepts in the automotive sector opens more opportunities in this space?

The growing importance of advanced driver assistance systems (ADAS) in the automobile sector is one of the factors supporting the growth of the radar sensor market. The ADAS system uses radar sensors to provide driver safety features such as parking assistance, lane-departure warning, and collision avoidance systems. As the system provides national safety initiatives, the adoption of ADAS technology is expected to grow in the future. The concept of autonomous cars is also evolving in the automotive industry.

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Radar sensor plays a major role in this development, and it is placed at the front of the car to obtain the required data of objects near the car. Google, Inc. (US), Tesla (US), NASA (US), Nissan Motor Corporation (Japan), Ford Motor Company (US), and Sony Corporation (US) are supporting car manufacturers that have self-driving car projects. Google is actively working toward the development of driverless cars. Bosch is one of the major suppliers of radar sensors to Google and Tesla. Also, Apple is recruiting specialists in automotive technology and vehicle design to work in a new confidential research lab for driverless cars. This factor is expected to have a high impact on the radar sensor market in the next 6 years.

Why Electronic countermeasure (Electronic warfare) is a challenge?

The electromagnetic jamming of radars and noise interruptions during satellite communication are the challenges of radar-based applications. The purpose of electronic countermeasure (ECM) is to degrade the effectiveness of military radars. ECM consists of false target generation functions, noise jamming, chaff, and decoys. These functions are situation-specific with regard to the intended military applications. Jammers or ECM radiates interfering signals toward the enemy’s radar that blocks the receiver with high concentrated noise, which can affect the whole surveillance process. The other challenging factor is the noise interruption faced by space-based radar systems in recent times due to cosmic rays and other electromagnetic noise interruptions, which make the surveillance process difficult for the defense sector.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Browse 68 Market Data Tables and 86 Figures spread through 219 Pages and in-depth TOC on "Radar Sensor Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/radar-sensor-market-137774522.html

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